$1,495,000

For sale

2522 Lake Shore Boulevard West, Toronto (Mimico) - Single Family for Sale

2522 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V1E1

5 beds3 baths2 parking1,750 ft²28 × 111 ft (3,094 sq ft) lot sizeListed 51 days ago

Overview

This 5-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. It has been on the market 51 days, fresher than the Toronto average of 56 days.

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Description

Everything & More! Right Here On Lakeshore. Across From The Lake! This Traditional Charmer Has Been Tastefully Upgraded W/ Gorgeous Finishes/Features Throughout! Renovated Self-Contained Two-Bedroom In-Law/Nanny Suite Downstairs! Like A Large Condo... Sans Maintenance Fees! Perfect For Multi-Generational Purposes. Easy To Connect Back To Upstairs, If You Prefer! Open Concept Main-Floor Layout W/ Formal Dining Area, Eat-In Kitchen Island, Wainscotting, Pot Lights & Powder Room. Be In The Heart Of The Fashion Or Finance District In No Time! Easy Access To Major Arteries / Airport. Close To Humber Bay College & Humber Bay Shores W/ Incredible Lakefront Cafes/Restos Such As La Vecchia & Eden Trattoria. This Absolute Stunner, In This Highly Sought-After Toronto Lakeside-Neighbourhood, Is A Must See! (id:66096)

Property Details

MLS®: W13783016
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 28 × 111 ft (3,094 sq ft)
Frontage: 28 ft
Storeys: 2
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Radiant heat, Electric
Cooling: Wall unit
Garage: No Garage
Ownership: Freehold
Property Tax: $4,570/yr

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Poured Concrete, Brick
Exterior: Brick
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Toronto (Mimico) listings, avg age

56d

Price / ft²

$854

List price

$1.50M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 5-bed single family in Toronto (Mimico) has been listed for 51 days, which is 5 days fresher than the city average of 56. Act while there is still low competition.

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Listed by KELLER WILLIAMS REFERRED URBAN REALTY · JOEL KEITNER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $1,495,000, about 18.9× the local median household income of $79,000.

Carrying it typically needs a household income of about $292,026 (20% down, 25-yr amortization, stress-tested) — roughly 270% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$1,495,000· $854/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,500

Min 8.33%50%

Mortgage payment$7,598/mo

↳ CMHC premium ($54,820 capitalized)

Property tax (est.)$381/mo

Total monthly$7,979

Cash Needed to Close

Down payment (8.33%)$124,500

Land transfer tax$52,750

Est. closing costs$6,985

Total cash needed$184,235

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